Commission Regulation (EU) No 2015/2406 of 18 December 2015

The Commission Regulation (EU) No 2015/2406 of 18 December 2015, published in the Official Journal of the European Union L 333 on 19 December 2015, adopts Amendments to IAS 1 Presentation of Financial Statements entitled Disclosure Initiative.
The amendments aim to improve the effectiveness of disclosure and to encourage companies to apply professional judgement in determining what information to disclose in their financial statements when applying IAS 1.

Each company shall apply the amendments, at the latest, as from the commencement date of its first financial year starting on or after 1 January 2016.